> I wonder if it's fair to call the hodgepodge of localized wars WW3 now?
No. It would take direct nuclear strikes between major powers and hundreds of millions in casualties for anything to be called ww3. Would you call the korean war ww3? How about the vietnam war? Or any of the dozens of wars since ww2?
> It's clear one alliance - Ukraine, Europe, US, Japan, South Korea, Taiwan, Philippines, Australia, Canada, Israel (recently aligned with Ukraine)
The only alliance is between the US, UK, Canada, Australia and NZ. Countries with shared linguistic, cultural, religious and historical heritage. Israel is more of an enemy than an ally as they sell stolen tech to china and russia and are culturally, historically and religiously alien to the US and the anglosphere.
Also, you might want to read the history of what the US did to japan, korea, taiwan, philippines, etc if you think that 'alliance' really exists. Even better, you might want to read the history of their rivalries between each other.
There is a reason why we are moving chip production away from taiwan and ship building from sk and japan.
> Times magazine said "two major power blocs of countries fighting for dominance
Never take nonsense you read in media seriously.